Bay Area-based tech company announces shocking layoff of nearly a quarter of its workforce

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More pain for the Bay Area tech sector as another company announces layoffs — this time a staggering 23% of the workforce. The San Mateo action-based camera maker GoPro will let nearly a quarter of its workforce around the world go by the second quarter of 2026, according to a filing with the Securities and […]


Starbucks Workers United union sends contract proposal to company

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Starbucks union members and their supporters, including baristas who have just walked off the job, effectively closing a local branch, picket in front of the store, Feb. 28, 2025 in New York City.  Andrew Lichtenstein | Corbis News | Getty Images Starbucks Workers United presented the company with a comprehensive proposed contract last month, the […]


How the company keeps beating the toy industry

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Lego just put up another banner year — with help from a behind-the-scenes secret weapon. The Danish company on Tuesday reported a 12% jump in revenue to 83.5 billion Danish kroner, or $12.9 billion, for fiscal year 2025. Operating profit rose 18% year over year to 22 billion Danish kroner, or $3.4 billion, the company […]


Pennsylvania novelty game company admits to illegal gambling

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The attorney general of Pennsylvania announced on Monday (February 9) that a Schuylkill County novelty game company has admitted guilt in what prosecutors describe as a sweeping illegal gambling operation that reached far beyond its home base. At the center of the case is Deibler Brothers Novelty Company, which authorities say placed and operated hundreds […]


Nearly a thousand Google workers sign letter urging company to divest from ICE, CBP

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The logo for Google LLC is seen at the Google Store Chelsea in Manhattan, New York, Nov. 17, 2021. Andrew Kelly | Reuters More than 900 Google workers have signed an open letter condemning recent actions by U.S. Immigration and Customs Enforcement (ICE) and Customs and Border Protection (CBP), urging the tech giant to disclose […]


UAE ‘Spy Sheikh’ bought stake in Trump crypto company: WSJ

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UAE National Security Advisor, Sheikh Tahnoon bin Zayed Al Nahyan meets with U.S. President Donald Trump in the White House on March 18, 2025. Courtesy: Donald J. Trump | Via Truth Social A government official and top royal from the United Arab Emirates purchased a $500 million stake in the Trump family’s cryptocurrency venture last […]


Louisiana boss hands workers $240M in bonuses after selling his company for $1.7B

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A Louisiana factory chief proved to be a real-life Santa Claus — giving each of his 540 full-time employees six-figure bonus checks totaling $240 million. The generous gesture came after the benevolent boss sold the company for $1.7 billion. Graham Walker, the now-former CEO of Fibrebond, told The Wall Street Journal that he would not […]


Alphabet-backed fleet management software company Motive files for IPO

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Direxion signage at the New York Stock Exchange (NYSE) in New York, US, on Monday, Dec. 22, 2025. The holiday-shortened week started with gains in stocks amid a broad advance that saw a continuation of the bullish momentum on Wall Street. Michael Nagle | Bloomberg | Getty Images Motive, a company with software for managing […]


HP to slash up to 6,000 jobs — latest tech company to pivot to AI

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HP said Tuesday it expects to cut between 4,000 and 6,000 jobs globally by fiscal 2028 as part of a plan to streamline operations and adopt artificial intelligence to speed up product development, improve customer satisfaction and boost productivity. Shares of the Palo Alto, Calif.-based company fell more than 5% in extended trading. HP’s teams focused […]


Ousted Verizon boss could still pocket most of $20M salary as company cuts 15,000 jobs: report

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The former Verizon CEO ousted last month by the company’s board could still collect most of his $20 million pay package — even as the telecom giant bleeds customers, its stock sinks and 15,000 workers face layoffs. Hans Vestberg, the Swedish executive who was pushed out in October, has an ally on the board who […]